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Updated about 1 year ago,
Refinance - Cash Out 6 month seasoning
Hi everyone!
We completed our first BRRR (or almost) and we are at the cash out stage. Guidelines for conventional read we can only pull out our initial investment on the purchase price (not the rehab)... we want to get our funds on the rehab and purchase back to do it again... how do you get around the 6 month seasoning of pulling more then the initial investment out?
Facts:
Initial purchase price $45k
Rehab $50k
After Repair Value $125k
Purchase 7/18/2023
Trying to pull out 75% of our After Repair Value to BRRR again now. Let us know thoughts!
Looking for
Indianapolis, Indiana